Foreign investors are choosing Bangladesh as investment destination due to low labour cost comparing to that of other countries, including China and Vietnam.
Category: Finance
25 Bangladesh missions miss export targets
Twenty-five of the Bangladesh missions abroad could not achieve their export targets for the July-January period of the current fiscal (2012-13), mostly because of the slow pace in export growth.
DCCI seeks US investment in renewable energy
President of Dhaka Chamber of Commerce and Industry (DCCI) M Sabur Khan on Saturday urged the US entrepreneurs to invest in Bangladesh’s renewable energy sector.
Lanka’s Hambantota Port offers better facilities to B’desh
Sri Lanka offers special concessions and incentives to Bangladeshi traders interested in availing themselves of the facilities at the newly-built Hambantota Deep Seaport along the southern harbour of the Island country.
FBCCI team off to Mumbai
A delegation of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) left Mumbai on Wednesday to join the ‘Second India Engineering Sourcing Show’.
Sammilta Parishad wins BGMEA polls
Sammilta Parishad has swept the election to BGMEA, the apparel sector’s trade body, bagging 21directors’ posts out of 27.
China eyes India trade boosting investment in Nepal
China’s ambassador to Kathmandu was recently pictured in a traditional Nepali cap and silk scarf, digging with a spade to symbolise the laying of the foundations of a new dry port near the Tibet border.
BGMEA voting ends, ballot count on
Counting votes began as Bangladesh Garment Manufacturers and Exporters Association (BGMEA) biennial polls for the 2013-2014 tenure ended peacefully on Sunday.
Political crisis needs to be resolved politically: Apparel exporters
Leaders of Sammilito Parishad, a platform which is contesting the BGMEA polls, on Thursday said they do not want to advise political parties but requested them to solve the political crisis politically through dialogue instead of enforcing hartals.
Bangladesh single-country trade fair in Myanmar
Bangladesh’s single-country ‘Trade Fair 2013’ kicked off at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in Yangon Wednesday, aiming to popularise Bangladeshi products.
Padma Bridge with local fund: PM
Prime Minister Sheikh Hasina on Saturday said the much-awaited Padma Bridge would be constructed with local funding.
WB eyes poverty cut efforts with anti-graft measures
The World Bank President has said they can work with Bangladesh for a faster poverty cut with ‘governance and anti-corruption measures in place’ amid the saga of a fracas between the two over Padma bridge funding.
Govt signs credit deal with WB
Bangladesh Government and International Development Association of World Bank (WB) signed a credit deal of Tk 274 crore on Wednesday morning.
IMF approves $278.8 mn aid
The International Monetary Fund (IMF) has approved a financial aid of USD 278.8 million to Bangladesh.
100 RMG workers fall sick in Savar
At least 100 workers of a garment factory fell sick from food poisoning at Nischintapur in Ashulia Saturday night.
3,000 RMG workers receive fire safety training
Over 3,000 mid-level workers of ready made garment factories have received training on fire safety till Saturday. The burgeoning industry’s apex body Bangladesh Garment Manufacturers and Exporters Association (BGMEA) initiated the crash programme in the wake of the Nov 24…
‘Food poisoning’ sickens 200 RMG workers
At least 200 workers of a readymade garments factory at Ashulia in Savar fell sick on Thursday night after eating food provided by the factory office.
Fire in RMG factory in Gazipur
A devastating fire damaged property worth around Tk 1.5 crore of Surichala Textile and Dyeing Factory at Kaliakoir of the district. The fire originated from an electrical short circuit of Melba textile section waving machine around 2:00 pm Friday.
Hall-Mark Chairman granted bail
A Dhaka court on Thursday granted bail to Hall-Mark Group Chairman Jesmin Islam in 11 cases filed by Anti-Corruption Commission (ACC) for Sonali Bank loan scam. Senior Special Judge M Jahurul Haque granted the bail after hearing of the cases.
Chinese lead Padma race
After withdrawing request for World Bank funding for the $2.9 billion Padma bridge, Bangladesh is toying with three foreign options, but informed sources say the Chinese are clearly ahead of India and Malaysia.
‘Tap capital market for Padma bridge’
The Dhaka Stock Exchange (DSE) has suggested that the Bangladesh government consider tapping capital markets for funding the construction of the Padma Bridge.This comes in the wake of the government’s decision to withdraw request of World Bank financing of the…
Destiny illegally transacted Tk 31 bln
A government investigation found evidence of illegal and suspicious transactions of around Tk 31billion by Destiny 2000 Ltd, a multi-level marketing company, the Commerce Minister told Parliament on Sunday. Replying to a written question by Sadhana Halder MP, Ghulam Muhammed…
Smart garment bosses remanded
A Dhaka Court on Wednesday placed Chairman of Smart Garments Zakir Ahmed and Managing Director Sharif Ahmed on a 2-day remand for police interrogation. Metropolitan Magistrate Hasibul Haque granted the remand when police produced him before the court with a…
UK could lose AAA credit status in 2013
Economists are warning that Britain’s lifeless economy and slow progress in spending cuts endangers its privileged AAA credit status, which may be downgraded by credit ratings agencies this year. This week, thirty-one economists surveyed, gave a median 60 percent chance…
DSE gaining
The key index of Dhaka Stock Exchange gained more than 58 points to stand at over 4,149 points after two hours of trade on Tuesday. Shares and mutual funds worth over Tk 1.78 billion changed hands with 219 issues gaining,…
Stocks end positive Monday
The prices of the most shares on the country’s premier bourse increased on Monday, to continue upward trend for the fifth consecutive day. The benchmark General Index of DSE, gained 26 points to reach 4,197 points at closing of the…
BGMEA sit-in calls for arrests
Apparel workers on Monday held the owners of Tazreen Fashions and Smart Fashions responsible for the death of at least 118 workers in devastating fires, demanding they be arrested by Jan 31. They hit the authorities with the deadline from…
Padma Bridge getting new design
Prime Minister Sheikh Hasina categorically said that with the help of army, Bangladesh University of Science and Technology (BUET) and Bridges Division a new design for Padma Bridge would be prepared by the next six months. The premier came up…
Iran to launch world’s largest gasoline unit
Iran will start within coming days a new gasoline production unit at the Shazand refinery which will produce 8.5 million liters gasoline a day. The Mehr news agency reported on Friday, Tehran Times print the news on Saturday. Rashid Seyedian,…
New monetary policy Jan 31
Bangladesh Bank (BB) is set to announce its monetary policy January 31 for the second half of the current fiscal year 2012-13 (January-June) with a further contraction approach. Governor of the Central Bank Dr Atiur Rahman will announce the new…